Subjects Archives: Political Economy

The United States is sometimes viewed as the most extreme capitalist society on earth. The decision of the newly elected Trump administration to withdraw from the Paris Climate Agreement would seem to affirm such a judgment. It highlights the fact that while capitalism cannot solve the environmental problem, a more extreme capitalist society can, if it is not stopped, eliminate all possibility for a future sustainable society, by accelerating the runaway train to catastrophe represented by today’s business as usual.

Revolutionary activist and sociologist Reinaldo Iturriza has spent many years working with popular movements in Venezuela and writing on the rise of Chavismo as a political movement of the poor. He also served as Minister for the Communes and Social Movements, and then Minister for Culture in President Nicolas Maduro’s cabinet between 2013 and 2016.

Almost 50% of union members in the United States today work in the public sector. By necessity, they will have to play a major role in the rebuilding of organized labor. But like private sector unions before them, government employee unions face circumstances threatening their very existence.

Britain’s class landscape has changed: it is more polarised at the extremes and messier in the middle. The distinction between middle and working class is less clear-cut. The elite is able to set political agendas and entrench their own privilege. The left needs a clear narrative showing how privilege leads to gross unfairness—and effective policies […]

Years ago the 35th US president made a speech in Germany, four words of which, in American-accented German, remain famous: “Ich bin ein Berliner!”—“I am a Berliner!” That was John F. Kennedy. Will the 45th president, soon to visit Germany’s second city, emulate him and tweet “I am a Hamburger! Wow!”

The fundamental changes I would advocate are those that would: dramatically boost worker power; secure a progressive and growing funding base for a needed expansion of public housing and infrastructure and public spending on health care, education, and transportation; and end the production and use of fossil fuels and significantly reduce greenhouse emissions.

Friedrich Engels spent two decades in Manchester. The horrific conditions he saw in the cradle of industrialism forged his great works. But the city has never commemorated him – until now.

David Harvey, one of the most influential figures in geography and urban studies, and among the most cited intellectuals of all time across the humanities and social sciences, delivered a featured lecture, “Marx, Capital and the Madness of Economic Reason.” at the 2017 AAG annual Meeting.

US policy toward Cuba (Trump reverses Obama’s Cuba deal, limiting travel and trade, 17 June) has been hijacked by a clique of Cuban-American politicians, who have sold their support in Congress to President Donald Trump. Above all, these individuals – and Trump – have demonstrated the corrupt and clientelist nature of the US political system. Can such a system serve as a symbol of “freedom” to anyone in the world?

“Capitalism cannot reform itself; it is doomed to self-destruction. No universal selfishness can bring social good to all. Communism—the effort to give all men what they need and to ask of each the best they can contribute—this is the only way of human life.” With this sober stroke of his insurgent pen, the 93-year-old scholar joined the Communist Party.

Organizing a strategy that is likely to win is no easy task. After all, the enemies of the working class are more powerful today than ever before; they have control over the military, the media, the courts, the politicians, and even the unions. The fight against the patriarchal capitalist system, therefore, must be strategic to be effective.

If you reject from the outset the idea of uniting a majority based on shared economic interests, then pretty much all you’ve got left is the “thoughtful and humane co-optation” of racism and xenophobia.

Capitalism is characterized by both centripetal and centrifugal tendencies. There is not and cannot be a transnational capitalist state and for that reason there cannot be a transnational capitalist class.

In the U.S., where wealth is most highly concentrated, almost a quarter of income goes to the rich. So it should come as no surprise that a big chunk of the world’s richest call America home. Two out of five millionaires and billionaires live there, and their ranks are growing fast.

Spending cuts, deregulation, outsourcing: between them they have turned a state supposedly there to protect and support citizens into a machine to make money for the rich while punishing the poor. It’s never described like that, of course. Class warfare is passed off as book-keeping. Accountability is tossed aside for “commercial confidentiality”, while profiteering is dressed up as economic dynamism. One courtesy we should pay the victims of Grenfell is to drop the glossy-brochure euphemisms. Let’s get clear what happened to them: an act of social murder, straight out of Victorian times.

The experience of the last three decades has clearly demonstrated that social struggles in and of themselves are not sufficient to stop the drift to the right and re-establish a dynamic of social advances. That requires going beyond defensive strategies and creating a positive alternative project that is authentically social and democratic.

In this presentation Mexie begins to elaborate the theory of monopoly capitalism developed by Paul Baran and Paul Sweezy, incorporating recent theoretical development by John Bellamy Foster and Robert McChesney. Mexie has produced a number of other videos on the topic as well.

Visitors will be invited to reflect on capitalism as if looking back at it from a world in which capitalism is dead. “Much of the evidence of capitalism is either eroding over time or simply not known or easily accessible to the public,” the mission statement reads. “Our ambition is to connect and integrate these many efforts before the evidence is erased forever.”

When it came to the general election in Britain, everything was settled in advance. The Conservative Party led by Theresa May was supposed to prevail. The Labour Party, victim of its own confusion, its refusal to support the will of millions of members and voters who wanted to put an end to the straitjacket of the European Union, was supposed to be trounced.

Responding to the United States vice president’s recent statements that “democracy is undermined” in Venezuela, Venezuelan President Nicolas Maduro and Foreign Minister Delcy Rodriguez strongly rejected Pence’s claims.

The Bolivarian leaders denounced the plan to destabilize Venezuela as “imperialist,” saying that the “extremism” and “militarism” of the U.S is a “serious threat to humanity.”